Digital Asset Management Market size was estimated at $3.4 billion in 2021 and is expected to reach $7.3 billion by 2031, growing at a CAGR of 10% during the forecast period of 2022 to 2031.
Digital Asset Management Market
Digital asset management is a system that enables the user for storing, sharing and organizing digital assets over a digital platform. Digital asset management is an online library that can be controlled and operated over electronic devices. Moreover, it assists various parties such as the employees, peers, contractor, and client to have complete control over digital assets. Digital asset management is a business process as well as a form of information management technology. It enables the organization to access its media assets in a centralized place. Moreover, digital asset management software helps the organization to retrieve the lost digital assets if required.
Digital Asset Management Market Growth and Trend
The significant growth in the global digital asset management market can be attributed to the growing need for online marketing or digital advertisement. The growing focus of companies on improving their online market to maintain the customer base and attract potential one is driving the market growth. Moreover, digital asset management has improved the productivity of employees as it has made it easy to locate a file from a hundred or thousands of folders. In addition, it has also improved the operational efficiency of the company. Digital asset management integrated with artificial intelligence technology allocates the right asset at the right place. Digital asset management has also enhanced the storage efficiency of the companies. It allows the storage of data from over 500 different systems and has reduced the demand for purchasing extra storage. Also, a feature like protection of valuable digital assets is pushing the market up. However, the high cost of deployment and threat of cyber attack is the major restraint for the digital asset management market globally.
Digital Asset Management Market Segmentation
The global digital asset management market is segmented on the basis of product, component, deployment, application, and vertical. Based on product, the market is segmented into Brand Asset Management, Library Asset Management, Production Asset Management, and Digital Supply Chain Services. The brand asset management segment holds a significant share in the digital asset management market. By component, the digital asset management market includes solutions and services. The deployment segment of the market is classified into cloud-based and on-premises. The cloud-based segment is expected to witness robust growth in the coming years due to the growing need for online or digital advertisements. By application, the market is segregated into the enterprise, marketing, broadcast and publishing, and others. The vertical segment of the global digital asset management market includes IT and telecom, BFSI, media and entertainment, retail, healthcare, travel and tourism, education, and others.
Digital Asset Management Market Country Analysis
Among the regions, North America is projected to hold the largest share in the global digital asset management market during the forecast period due to increased awareness about the benefits of digital asset management among end-users. On the other hand, Asia Pacific is expected to grow at the highest CAGR value over the forecast period due to ongoing technological advancements in the region.
Digital Asset Management Market Share and Competition
Some key companies working in the global digital asset management market are Canto, Adobe Systems Inc., OpenText Corp., WebDAM, SAS Institute Inc., Bynder, Celum, MediaValet Inc., DAM Software NV, Pica9 Inc., Widen Enterprises Inc., Workfront Inc., and North Plains Systems Corp., among others.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2022 - 2031)
• Brand Asset Management
• Library Asset Management
• Production Asset Management
• Digital Supply Chain Services
Component Analysis (Revenue, USD Million, 2022 - 2031)
• Solutions
• Services
Deployment Analysis (Revenue, USD Million, 2022 - 2031)
• On-Premises
• Cloud-based
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Enterprise
• Marketing
• Broadcast and Publishing
• Others
Vertical Analysis (Revenue, USD Million, 2022 - 2031)
• IT and Telecom
• BFSI
• Media and Entertainment
• Retail
• Healthcare
• Travel and Tourism
• Education
• Others
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Digital Asset Management Market Companies
• Canto
• Adobe Systems Inc.
• OpenText Corp.
• WebDAM, SAS Institute Inc.
• Bynder, Celum
• MediaValet Inc.
• DAM Software NV
• Pica9 Inc.
• Widen Enterprises Inc.
• Workfront Inc.
• North Plains Systems Corp.
Available Versions:-
• United States Digital Asset Management Industry Research Report
• Europe Digital Asset Management Industry Research Report
• Asia Pacific Digital Asset Management Industry Research Report
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